Question

Calculate the percent of customer returns for a week with the following figures: gross sales, $7,500; returns, $95 on Monday, $19 on Tuesday, $50 on Wednesday, $140 on Thursday, $160 on Friday, and $80 on Saturday.

Answer 1

The percentage of customer returns is 7%.

Explanation:

Given,

Total gross sales = $ 7,500

Returns are,

$95 on Monday, $19 on Tuesday, $50 on Wednesday, $140 on Thursday, $160 on Friday, and $80 on Saturday,

So, the total returns = $ 95 + $ 50 + $ 140 + $ 160 + $ 80 = $ 525,

Hence, the percent of customer returns for the week =
`\frac{\text{Total returns}}{\text{Total gross sales}}* 100`

`=(525)/(7500)* 100`

`=(52500)/(7500)`

`=7\%`